03.02.2014 - Emerging markets are badly served by ETFs
Money is flowing out of the emerging markets. A debate is raging over whether this is the fault of the US Federal Reserve, which has effectively encouraged investors to bring their money back home. That debate is right and proper. But the fund management industry must face a debate of its own. Just why has the money funding companies and governments in the emerging markets proved so fickle? Even given decisions by the Fed, how can sentiment towards such a large swath of the world turn so rapidly?..............................................Full Article: Source
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